Vicor (NASDAQ:VICR) Rating Lowered to Sell at Zacks Investment Research

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Vicor (NASDAQ:VICR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Vicor Corporation designs, manufactures and markets innovative, high performance modular power components, from bricks to semiconductor-centric solutions, to enable customers to efficiently convert and manage power from the wall plug to the point-of-load. Vicor offers comprehensive product lines addressing a broad range of power conversion and management requirements across all power distribution architectures, including CPA, DPA, IBA, FPA and CBA. Vicor focuses on solutions for performance-critical applications in the following markets: enterprise and high performance computing, telecommunications and network infrastructure, industrial equipment and automation, vehicles and transportation and aerospace and defense electronics. Vicor’s holistic approach gives power system architects the flexibility to choose from modular, plug-and-play components ranging from bricks to semiconductor-centric solutions. “

Several other research analysts have also issued reports on VICR. CJS Securities started coverage on shares of Vicor in a research note on Monday, June 10th. They issued a “buy” rating and a $40.00 price target for the company. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Northland Securities restated a “buy” rating and set a $130.00 price objective on shares of iRobot in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.33.

Shares of Vicor stock opened at $32.98 on Friday. The stock has a 50-day simple moving average of $30.84. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 42.28 and a beta of 0.73. Vicor has a 1 year low of $27.82 and a 1 year high of $64.50.

Vicor (NASDAQ:VICR) last issued its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $65.73 million during the quarter, compared to analyst estimates of $61.00 million. Vicor had a net margin of 10.99% and a return on equity of 18.08%. Analysts predict that Vicor will post 0.55 EPS for the current fiscal year.

In other Vicor news, Director H Allen Henderson sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $36.56, for a total transaction of $182,800.00. Following the completion of the sale, the director now directly owns 5,219 shares in the company, valued at approximately $190,806.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 11,886 shares of company stock valued at $433,014. 56.06% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC grew its stake in shares of Vicor by 44.9% in the first quarter. Quantamental Technologies LLC now owns 2,881 shares of the electronics maker’s stock worth $89,000 after acquiring an additional 893 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Vicor by 1,714.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,810 shares of the electronics maker’s stock worth $118,000 after acquiring an additional 3,600 shares during the period. LS Investment Advisors LLC grew its stake in shares of Vicor by 6.6% in the first quarter. LS Investment Advisors LLC now owns 4,583 shares of the electronics maker’s stock worth $142,000 after acquiring an additional 285 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Vicor in the fourth quarter worth approximately $176,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Vicor in the first quarter worth approximately $169,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

About Vicor

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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